You’ve already heard my views on the subtle ways that realtime media, user-generated content and networks are fundamentally changing the world of journalism. As digital technology weaves its way into every part of our lives, it’s also starting to drastically change consumer behaviour – and with it, the industries and products around us.
The publishing industry has seen some dramatic changes over the past year, and that shows few signs of slowing down in 2012. A few years ago, it was simple – books were published by publishing houses, we bought them from bookshops or online retailers such as Amazon and the author was paid a small royalty for every sale. It was a formula that worked on a basic level.